Listed below are a few transactions and events of Maxum Co. :

10.00 points Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay at a rate of one day per month. During December, 24 employees qualify for one vacation day each. Their average daily wage is $170 per employee 2. During December, Maxum Company sold 4,400 units of a product that carries a 60-day warranty December sales for this product total $122.000 The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $10 Prepare any necessary adjusting entries at December 31, 2015, for Maxum Company's year-end financial statements for each of the above separate transactions and events. View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. During December, 24 employees qualify for one vacation day each. Their average daily wage is $170 per employee. Record the related adjusting entry Note: Enter debits before credits. Transaction General Journal DebitCredit Vacation benefits expense Vacation benefits payable Record entry Clear entry View general journal